510 N 2nd Street San Jose, CA ^$ 1,595,000

510 N 2nd Street

^$ 1,595,000

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Recently Listed

510 N 2nd Street

San Jose, CA, 95112

^$ 1,595,000

Bedrooms9 Baths9.0 Sq 2,270

Monthly Estimate*

^$ 10,601

Listed by VENIET Corp.

510 N 2nd Street, San Jose, CA 95112 - Image 1

510 N 2nd Street, San Jose, CA 95112 - Image 2

510 N 2nd Street, San Jose, CA 95112 - Image 3

510 N 2nd Street, San Jose, CA 95112 - Image 4

510 N 2nd Street, San Jose, CA 95112 - Image 5

510 N 2nd Street, San Jose, CA 95112 - Image 6

510 N 2nd Street, San Jose, CA 95112 - Image 7

510 N 2nd Street, San Jose, CA 95112 - Image 8

510 N 2nd Street, San Jose, CA 95112 - Image 9

510 N 2nd Street, San Jose, CA 95112 - Image 10

510 N 2nd Street, San Jose, CA 95112 - Image 11

510 N 2nd Street, San Jose, CA 95112 - Image 12

510 N 2nd Street, San Jose, CA 95112 - Image 13

510 N 2nd Street, San Jose, CA 95112 - Image 14

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510 N 2nd Street, San Jose, CA 95112 - Image 16

510 N 2nd Street, San Jose, CA 95112 - Image 17

Multi-Family Home for sale in San Jose, CA

for $1,595,000 with 9 bedrooms and 9 full baths. This 2,270 square foot home was built in 1907 on a lot size of 0.14.

Excellent Opportunity to own a great cash flowing property in an excellent location. Multiple occupancy property with plenty of on-site parking near Japan Town with excellent cash flow and great cap rate. Long term, wonderful tenants who pay on time. This is an excellent investment for return on your money in a great location. 6.3% cap rate, ready for a new owner to enjoy heavy cash-flow. See supplemental info for Offering Memo. PLEASE DO NOT DISTURB OCCUPANTS.

Multi-Family Active

Price

^$ 1,595,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

SingleFamilyResidence

Lot Size

0.14

Year Built

1907

Town/City

San Jose

County/Region

Santa Clara

MLS | Web ID

OC24097508

Days on Market

Features

General

Sewer PublicSewer

Heating None

Cooling None

Zoning RM

HOA 0.0

Garage Spaces 0.0

Pool Features None

Year Built 1907

Tenant Pays AllUtilities

Stories 2

Levels Two

Property SubType SingleFamilyResidence

Gross Income 123420.0

Community Features Biking Sidewalks

County Santa Clara

Net Operating Income 99959.0

Operating Expense 23461.0

Insurance Expense 1900.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Take either Jackson St or E. Empire St to North 2nd St.

City San Jose

Entry Location 1

View Y/N N

Senior Community Y/N N

NumberOfUnitsTotal 9

Lot Size Units SquareFeet

Lot Size Square Feet 6098.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 9

Street Name 2nd

Listing Terms Cash CashtoNewLoan Conventional Item1031Exchange

Property Attached Y/N N

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 700.0

Water Sewer Expense 700.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 12

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 61

Total Actual Rent 10285.0

Property Sub Type Additional SingleFamilyResidence

Cap Rate 6.3

Exterior

Lot Features FrontYard

Water Source Public

Total Parking 0.0

Lot Size Area 6098.0

Number of Buildings 1

Spa N

Building Area Total 2270.0

Lot Size Acres 0.14

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 1

Number of Separate Electric Meters 1

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls NoCommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Street

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 510

* Excluded Features

List By

Veniet Corp.

Broker

(858) 232-5712

Phone

Affordability Calculator

$10,601

Per Month

Monthly Principal & Interest: $10,601
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in San Jose, CA

Average List Price ^$1,536,914

Percent of Sale Price 4%

About San Jose, CA

1,023,338 Population

13% Since 2002

^$93,707 Median Income

37.72 Median Age

35% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/15/2024	$1,595,000		Listed Price

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510 N 2nd Street, San Jose, CA, 95112 is a Multi-Family Home for sale at $1,595,000 with 2,270 sqft and a lot size of 0.14. 510 N 2nd Street has 9 bedrooms, 9.0 baths, and was built in 1907. The property's zip code is 95112 which is in San Jose, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/1/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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510 N 2nd Street

Multi-Family Home for sale in San Jose, CA

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